AUCTION: September 8th, 2022

2 Bedroom, 2 bath home ideal for first-time home buyers or investors seeking income property. Jenks, OK.

Image: Location map 418 W Beaver St Jenks, OK

DATE & TIME:   September 8th at 3:30pm

AUCTION LOCATION:  On-site at 418 W Beaver St., Jenks, OK

INSPECTIONS:  2-4pm Sunday, Aug 28th and Sept 4th

BUYER-BROKER:  3% commission for registered Brokers. Click to register.

LICENSE INFO:  OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC

2BR, 2BA home with detached garage/shop located in the heart of Jenks, Oklahoma. Wonderful location backing up to Veterans Park and 8 blocks from Jenks High School or Reasors Grocery Store.

School District:  Jenks Public Schools 

Utilities:  All City Utilities 

Exterior of home is wood siding with a covered front porch, composition roof and fenced backyard. Kitchen has vinyl flooring, double stainless sink, combo oven/range, refrigerator, and dishwasher.  Living/Dining room is carpeted with brick wood burning fireplace. Two bedrooms are carpeted an additional bonus room off the kitchen with a bathroom has access to backyard. Home has window A/C units and wall heaters. Detached garage/shop includes built-in workbench/shelving, heater and cement floors. 

Click image for interactive map.

Image: Location map 418 W Beaver St Jenks, OK
Click for interactive map.

DISCLOSURES:

  • 3% Buyers premium applies. Buyer’s premium is an additional fee (3% of the high bid amount) paid by the high-bidder.
  • All parcels subject to any existing recorded easements.
  • Locations of parcel signs, maps, and picture illustrations are for reference only. Refer to survey for boundaries if available and/or legal descriptions. Fence lines may not follow property boundaries per survey.
  • If you intend to use a Power of Attorney “POA” it must provide that the principal agrees to be bound by all the terms and conditions of the purchase document.
  • There was a fire at the home in 2018, as documented by a report from the Jenks Fire Department. Click here to review the incident report.
  • In 2019, evidence of termites was discovered and the home was initially treated, then continually monitored by an EMCO Sentricon station monitoring system ever since the treatment. It is buyer’s responsibility to perform all of buyer’s due diligence and inspections regarding wood destroying pests and the effects on the home at buyers expense before the auction.  If buyer intends to maintain the monitoring system, buyer shall be responsible to transfer any subsequent service with EMCO.
  • The property will be transferred by a fiduciary who is not an owner occupant. Click here to review the ‘Transfer of Property Exemption Form’.
  • The seller has no knowledge of lead-based paint and/r lead-based paint hazards in the housing. Seller has no reports or records pertaining to lead-based paint and/or lead-based paint hazards in the housing. Click here to review the Lead-Based Paint and/or Hazards Disclosure Form.
  • Bidder is responsible for conducting their own due diligence with regard to any defect prior to bidding on the property at the auction.

TERMS & CONDITIONS:

  • All properties are being sold ‘as is, where is’ and are not subject to financing, inspections or any other contingencies.
    CJ Auctions represents the seller only.
  • The high bidder must make a 10% (Min $5,000) non-refundable deposit on sale day (cash, personal or cashier checks)
  • Buyer will receive trustee’s deed and title insurance.
  • Buyer will pay for (but not limited to) the closing fee & title policy. Taxes will be prorated through date of closing.
  • Balance and closing costs are due 30 days from seller acceptance.
  • Contact CJ Auctions for title commitment and copy of easements.
  • All bidders must register with CJ Auctions prior to bidding (registration is held 1-hour prior to auction) and provide a driver’s license or government-issued identification.
  • Absentee bidders must pre-register and qualify through CJ Auctions 48 hours prior to sale day.
  • All persons inspecting the property, attending an open house or auction do so at their own risk and shall not hold CJ Auctions or their agents liable for damages to their person or property.
  • ONLINE BIDDING: Individuals must wire 10% of opening bid amount (minimum $10,000) 48 hours prior to auction to be fully authorized to bid online. Contact CJ Auctions at 918 550 8118 for detailed wiring instructions.
  • Sale is subject to trustee confirmation.

LICENSE INFO: OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC

SALE METHOD: By the dollar.

How ‘By the Dollar’ works:

  • ‘By the Dollar’ is typically offered when a single property such as a home or small non-dividable acreage is offered for sale at auction.
  • As with any auction, people compete to purchase the property by bidding against other people.
  • The bid is the amount of money (Dollars) that a bidder is offering to purchase the property. For example, if a person bids $250,000.00 they are offering to purchase the property for $250,000 plus any additional fees or premiums as described in the Disclosures, Terms and Conditions of Sale.
  • The auctioneer begins the auction by announcing the opening bid amount. Then people compete for the property by placing bids that are higher than another persons bid.
  • The price of the property increases each time someone makes a new, higher bid until no other bidders are willing to offer more than the most recent bid.
  • At this point the auctioneer will announce the high bid and declare the auction over.
  • The high bidder will then meet with the auction team to complete the sale contract and secure the sale with a purchase deposit.